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Jan 07, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is showing a corrective pullback after a clear failure to hold above strong resistance levels and is currently trading within a downward-sloping range. Moving averages have started to turn negative, while the MACD indicator has retreated from positive territory, reflecting weakening upward momentum.

Overall trend: Neutral-bearish
Support: 1.3450 – 1.3410
Resistance: 1.3540 – 1.3580

Expectation: A break below 1.3450 could open the door for a deeper decline, while holding above support could support a bounce attempt towards 1.3540.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to move within a short-term downtrend, with limited technical bounce attempts emerging from support levels near the recent low.

The price is trading below its moving averages, reflecting continued negative pressure, while the MACD indicator remains in negative territory with the downward momentum slowing, suggesting a possible consolidation or limited bounce before the trend resumes.

Overall trend: Corrective downtrend
Support: 1.1670 – 1.1635
Resistance: 1.1730 – 1.1765

Expectation: Holding above 1.1670 could allow for an upward correction towards 1.1730, while a break below support would bring renewed pressure towards 1.1635.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair is moving above key support levels within a general uptrend supported by yield spreads. Despite some consolidation, the positive structure remains intact as long as the price stays above the main support levels.

General Trend: Upward
Support: 155.40 – 154.70
Resistance: 157.20 – 158.00

Expectation: Holding above 155.40 supports a retest of the highs, while a break below this level could trigger a deeper correction.
 

 

- A look at yesterday report dated Jan 6, 2026.

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